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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: HMB Mikee who wrote (40455)	3/21/1998 11:37:00 AM
From: Jurgen	Respond to of 61433

ASCEND COMM closed down -0.938 at 31.813. Volume was 33% below average (neutral) and Bollinger Bands were 17% narrower than normal. Open High Low Close Volume___ 32.938 33.000 31.438 31.813 41,408 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 33.99 32.39 35.76 Volatility: 42 63 78 Volume: 64,135 64,318 82,262 Summary ASCEND COMM is currently 11.0% below its 200-period moving average and is in an downward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of ASND at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on ASND and have had this outlook for the last 2 periods. The security price has set a new 14-period low while our momentum oscillator has not. This is a bullish divergence.

To: HMB Mikee who wrote (40455)	3/21/1998 4:34:00 PM
From: Peter Yang	Read Replies (3) \| Respond to of 61433

HMB, I access "2nd opinion" through SureTrade and only "Weekly 2nd opinion" is available for free. I got that info yesterday. However, I went back to check again and it does have the bearish comments on ASND: Double bottom break out Under distribution Close long position or monitor stock closely Furthermore, it's up to date. It's dated "March 23, 1998" and it has Friday's closing price. Are you using the "Daily 2nd opinion" and it has different evaluation? One thing is bullish about ASND is it has tested the 50 MA support three times and Friday is the first time it closed below. If ASND can close above the 50 MA on Monday, I'm thinking to get back in.